Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 155,525 people, 74,818 houses or apartments, and a median cost of homes of $835,170, Alexandria house prices are not only among the most expensive in Virginia, Alexandria real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Alexandria, accounting for 60.51% of the city's housing units. Other types of housing that are prevalent in Alexandria include row houses and other attached homes ( 21.14%), single-family detached homes ( 14.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.17%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.
People in Alexandria primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Alexandria has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Alexandria's housing was primarily built during this period, from the '40s through the '60s. A full 36.52% of the city's housing hails from this era. Other housing ages represented in Alexandria include homes built between 1970-1999 ( 35.46%) and housing constructed between 2000 and later ( 19.72%). There's also some housing in Alexandria built before 1939 ( 8.29%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Alexandria, where house values have increased just 50.00%, which is annualized rate of 4.14%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Alexandria appreciation rates have trailed the rest of the nation. In the last twelve months, Alexandria's appreciation rate has been 5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alexandria were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Alexandria one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Virginia, our data show that Alexandria's latest annual appreciation rate is lower than 60% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Alexandria differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alexandria - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Alexandria real estate investment or home purchase decisions.
$835,170
for Virginia
for nation
74,818
$2,778 / per month